Recently, I had the privilege of witnessing the energy and enthusiasm of the ANZ India Business Chamber (ANZIBC) members during their Christmas networking event at the University of Wollongong Sydney campus. With about 100 participants in attendance, the event became a pivotal moment emphasizing the consolidation of enduring collaboration between Australia and India.
The event, marked by the presence of distinguished panellists including Professor Dr. Patricia Davidson, Vice Chancellor of the University of Wollongong, Edan Corkill, Director – Global Markets at Investment NSW, His Excellency Mr. Manpreet Vohra, Indian High Commissioner to Australia, and Ms. Anne Nalder Founder & CEO of the Small Business Association of Australia, shed light on the thriving relations between the two nations. The discussions reaffirmed the new heights reached in trade, technology, and economic ties, particularly in New South Wales.
Stability and collaboration in sectors such as mining, technology, education, digital health, fintech, and food and beverages took center stage, influenced by the leadership of both nations. The panellists brought attention to traditionally untapped opportunities in Asia for Australia, with a focus on enriching collaborations and partnerships.
The call for economic peace, free trade growth, and mutual investments in manufacturing echoed through the discussions, highlighting the potential for greater opportunities. Diversification into Australian resources, world-class research, and intellectual property, combined with India’s scale, talent, and innovation, emerged as key areas for future collaboration and growth.
As the Australia-India Economic Cooperation and Trade Agreement unfolds, with over 85% of Australian goods exports to India now tariff-free, rising to 90% by 2026, and substantial reductions in tariffs on agricultural products, the future looks promising for the bilateral relationship. A remarkable 96% of imports from India are now tariff-free, set to reach 100% by 2026, according to the trade office. The stage is set for a brighter future, underlining the immense potential for growth and collaboration between the two nations.
At the event, Leon Skaliotis – Chairman, Food & Beverages Committee provided opening remarks and Shekar Mani, Committee Member, acknowledged HE Manpreet’s significant contributions. Kudos to Santhosh Perumala, CEO of the Chamber, Pankaj Khandelwal, Board Member of the ANZIBC, for orchestrating a fantastic event and to Ben Vella Vella for skillfully holding the proceedings together.
From my perspective, the event showcased a shared commitment among participants to foster stronger ties and leverage the inherent strengths of both nations. Personally, attending the event left me with several key insights. Firstly, it was evident that businesses on both sides are contributing immense value to the relationship. Secondly, there was a palpable sense of camaraderie and mutual respect, recognizing and appreciating the strengths that each country brings to the partnership. Lastly, the future appears promising, with the initiation of the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA).
#ANZ #India #Australia #business #networking #trade #leadership #partnership #mining #technology #education #digitalhealth #fintech #bilateralrelations
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